Ørsted outlines plans to slash new projects, pause dividends

Feb. 07, 2024 9:36 AM ETØrsted A/S (DNNGY) StockBy: Carl Surran, SA News Editor
Large white windmills in the sea with a sailboat

PARETO/E+ via Getty Images

Offshore wind project developer Ørsted (OTCPK:DNNGY) said Wednesday it will cut plans to build new projects, sell assets and pause dividend payments until at least 2025, following major writedowns on delayed projects in the U.S.

The Danish company said it

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